Entries by Peter Frey

BaFin’s Instructions for the Interpretation and Application of the German Anti-Money Laundering Act (IIA)

On 11 December 2018, the German Federal Financial Supervisory Authority (hereinafter referred to as “BaFin”) published its Instructions for the Interpretation and Application of the German Anti-Money Laundering Act (hereinafter referred to as the “IIA”). The present version was preceded by a draft which BaFin published for consultation in March 2018 (hereinafter referred to as […]

Cloud computing – outsourcing into a “cloud”

Cloud computing is playing an increasingly important role as digitalisation progresses, including in the financial sector. When using cloud services, regulated institutions must comply with the regulatory requirements regarding outsourcings. This is reason enough for PayTechLaw to briefly present some of the key aspects of the framework conditions applicable in this area. We should already […]